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OCN Ocwen Financial Corp

25.53
-0.13 (-0.51%)
Last Updated: 14:42:46
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ocwen Financial Corp NYSE:OCN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.13 -0.51% 25.53 26.40 25.53 25.53 93 14:42:46

Statement of Changes in Beneficial Ownership (4)

04/03/2021 10:11pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Messina Glen A.
2. Issuer Name and Ticker or Trading Symbol

OCWEN FINANCIAL CORP [ OCN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

1661 WORTHINGTON ROAD, SUITE 100
3. Date of Earliest Transaction (MM/DD/YYYY)

3/2/2021
(Street)

WEST PALM BEACH, FL 33409
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)3/2/2021  A   57586     (2) (3)Common Stock 57586 $0 57586 D  
Restricted Stock Units  (1)3/2/2021  A   57587     (4) (3)Common Stock 57587 $0 57587 D  

Explanation of Responses:
(1) Each restricted stock unit represents a contingent right to receive one share of OCN common stock on the vesting date.
(2) On March 2, 2021, the reporting person was granted 57,586 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions.
(3) Not applicable.
(4) On March 2, 2021, the reporting person was granted 57,587 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on March 2, 2024 based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Messina Glen A.
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH, FL 33409
X
President & CEO

Signatures
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A. Messina3/4/2021
**Signature of Reporting PersonDate

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